Belden entered into a $1.85 billion senior secured term loan credit facility to fund the Ruckus acquisition and related fees. The facility, led by JPMorgan Chase Bank as administrative agent with a lender syndicate, bears interest at term SOFR plus 2.25% or a base rate plus 1.25%, amortizes 0.25% per quarter, and matures on July 1, 2033. The loan is secured by substantially all assets of Belden and certain U.S. subsidiaries and includes customary covenants. In connection with the acquisition, Belden also added certain Ruckus entities as guarantors under its existing revolving credit facility to align the collateral and guarantee structure.
Agreement 1: Belden Secures $1.85 Billion Term Loan to Fund Ruckus Acquisition; Maturity 2033
- Agreement type: Senior secured term loan credit facility
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: 7 years (matures Jul 1 2033)
- Reason: Finance Ruckus acquisition and related fees
Agreement 2: Belden Adds Ruckus Entities as Guarantors Under Existing Revolving Credit Facility
- Agreement type: Joinder of acquired entities as guarantors under revolving credit facility
- Counterparty: Existing revolving credit facility lenders
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: Through term of existing facility
- Reason: Align collateral package post-acquisition
Original SEC Filing:
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